The Walloon Region will inject an additional €100 million into FN Browning Group, the parent company of firearms manufacturer FN Herstal, of which it is the sole shareholder.
This was announced on Tuesday alongside the presentation of the group’s financial results for 2024.
The group’s capital will remain closed to other shareholders following the investment.
The company’s financial results are robust, with its 2024 turnover of €934 million – up from €908 million in 2023 – marking the second-highest result in the history of the Liège-based group.
This success is largely attributed to sales by its Defence & Security Division, particularly within Europe.
FN Herstal’s own turnover increased by 18%, amounting to €361 million.
The group’s operational profit (EBITDA) was €117 million.
